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Norway firm wins BP's $86m LWI contractNorway-based Island Offshore, a leading name in global Light Well Intervention (LWI) activities, has been awarded a major contract extension worth NOK 0.5 billion ($86.5 million) with BP Exploration Operating Company. The two-year More… |
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Norway eyes oil drilling around Arctic islandsNorway took a major step towards opening up an environmentally sensitive Arctic area to oil and gas exploration when the ruling Labour Party gave the go-ahead on Sunday for an impact study. Exploration in the waters around the Lof More… |
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Jotun to phase out lead chromates in paintJotun has announced plans to phase out lead chromates, a toxic chemical compound from all paint and coatings formulations worldwide, in line with its environmental initiative Jotun GreenSteps. The company is scheduled to phase out More… |
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Cross-border investors drive Europe property marketEuropean commercial real estate investment turnover reached 44.8 billion euros ($58.3 billion) in the fourth quarter (Q4) of 2012, an increase of 53 per cent on Q3 2012 and 25 per cent on Q4 2011, according to real estate services firm CBRE. More… |
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Biofuels not so green?Green schemes to fight climate change by producing more bio-fuels could actually worsen a little-known type of air pollution and cause almost 1,400 premature deaths a year in Europe by 2020, a study showed on Sunday. The report sa More… |
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'Peak farmland' is here, crop area to diminishThe amount of land needed to grow crops worldwide is at a peak, and a geographical area more than twice the size of France will be able to return to its natural state by 2060 as a result of rising yields and slower population growth, a group of More… |
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Indian monsoon may fail more due to climate changeThe Indian monsoon is likely to fail more often in the next 200 years threatening food supplies, unless governments agree how to limit climate change, a study showed on Tuesday. The monsoon rains could collapse about every fifth y More… |
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Oslo 'most costliest city, Delhi, Mumbai cheapest'Oslo is the most expensive city in the world, ahead of Zurich and Tokyo, but the well-paid residents of the Swiss financial hub enjoy the greatest purchasing power, said a study. The annual survey of 72 cities by Swiss bank UBS fo More… |
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Oil rises on Norwegian lock out moveOil prices rose towards $102 a barrel on Thursday on fears Norway's oil output could be sharply cut after oil major Statoil called a lockout in a bid to end the workers' strike. A lockout means a complete shutdown of Norwegian oil and gas More… |
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Brent above $98 on Iran tensions, Norway strikeBrent crude climbed above $98 per barrel on Tuesday as escalating tensions between Iran and the West offset concerns that gloomy manufacturing data from China, the United States and Europe will hurt oil demand. News that Iranian lawmakers More… |
